https://www.taxtmi.com/caselaws?id=36140 The court affirmed the Tribunal's decision, ruling in favor of the assessee and against the department. The firm was deemed eligible for registration under Section 184 of the Income-tax Act, 1961, for the assessment year 1972-73. The court emphasized the continuity of the partnership firm's existence throughout the relevant year, based on the partnership deeds in place. The court clarified that the induction of a new partner constituted a reconstitution, not a dissolution, of the firm, and upheld that registration cannot be denied solely on the basis of profit distribution discrepancies. en-us Tue, 11 Sep 1979 00:00:00 +0530 Fri, 19 Mar 2010 15:42:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36140 The court affirmed the Tribunal's decision, ruling in favor of the assessee and against the department. The firm was deemed eligible for registration under Section 184 of the Income-tax Act, 1961, for the assessment year 1972-73. The court emphasized the continuity of the partnership firm's existence throughout the relevant year, based on the partnership deeds in place. The court clarified that the induction of a new partner constituted a reconstitution, not a dissolution, of the firm, and upheld that registration cannot be denied solely on the basis of profit distribution discrepancies. Case-Laws Income Tax Tue, 11 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36140